CafePress Inc. (PRSS) CEO Fred E. Durham III Buys 27,096 Shares
CafePress Inc. (NASDAQ:PRSS) CEO Fred E. Durham III purchased 27,096 shares of CafePress stock in a transaction that occurred on Thursday, August 24th. The stock was acquired at an average cost of $2.13 per share, with a total value of $57,714.48. Following the acquisition, the chief executive officer now directly owns 2,504,772 shares in the company, valued at approximately $5,335,164.36. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of CafePress Inc. (PRSS) traded up 4.27% during trading on Friday, hitting $2.20. The company’s stock had a trading volume of 23,243 shares. The stock’s market cap is $36.98 million. The company has a 50-day moving average price of $2.11 and a 200-day moving average price of $2.66. CafePress Inc. has a one year low of $1.75 and a one year high of $3.72.
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Separately, Zacks Investment Research raised CafePress from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th.
A number of hedge funds have recently modified their holdings of the company. Spark Investment Management LLC boosted its stake in shares of CafePress by 37.8% in the second quarter. Spark Investment Management LLC now owns 76,900 shares of the information services provider’s stock worth $190,000 after buying an additional 21,100 shares during the last quarter. Blackhill Capital Inc. boosted its stake in shares of CafePress by 38.8% in the second quarter. Blackhill Capital Inc. now owns 94,605 shares of the information services provider’s stock worth $235,000 after buying an additional 26,449 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of CafePress by 68.2% in the first quarter. Goldman Sachs Group Inc. now owns 49,505 shares of the information services provider’s stock worth $150,000 after buying an additional 20,066 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of CafePress by 8.3% in the first quarter. Renaissance Technologies LLC now owns 590,000 shares of the information services provider’s stock worth $1,782,000 after buying an additional 45,000 shares during the last quarter. Hedge funds and other institutional investors own 13.85% of the company’s stock.
CafePress Company Profile
CafePress Inc is an online retailer of personalized products offering various gifts and accessories, including t-shirts and apparel, mugs and drinkware, and home goods, such as custom shower curtains and bed coverings. The Company conducts its business on its primary United States-based domain, CafePress.com, and also operates CafePress branded Websites for the markets in the United Kingdom, Canada and Australia.
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